Same-Day Disbursement Timeline
- Yehudah Rodman (Unlicensed)
- Miles Graves
Your portfolio having access to same-day payouts requires prior Risk Department approval.
The same-day payout solution triggers the funding process at 10:30 AM EST on the morning after the Merchant’s transaction batch closes. In general with same-day payouts, the money will actually hit the Merchant’s bank account on the same afternoon that the disbursement was sent. For example, when the Merchant’s transaction batch closes on Monday evening at 9:30 PM EST, their payout will be triggered the next morning (Tuesday) at 10:30 AM EST, and the funds will hit their bank account later that afternoon.
Same-day payouts have a daily limit of $100,000.00 per merchant account (MID). Any amount that exceeds this threshold will go into the Standard Payout schedule and be sent to the Merchant’s bank at 6 PM EST.
Regardless of the payout method, a disbursement is still dependent on the processing timeframe of the Merchant’s bank and may be delayed, impacting when the funds actually hit their bank account.
For additional information on the Payrix funding outline, you can reference this article.
Transaction Batch Date (Batch Cut-Off - 9:30PM ET) | Withdrawal/Payout Date (Withdrawal Cut-Off - 6PM ET) | Merchant Account Deposit Date (Before Batch Cut-off) | Merchant Account Deposit Date (After Batch Cut-off) |
|---|---|---|---|
Wednesday | Thursday | Thursday afternoon | Friday afternoon |
Tuesday | Wednesday | Wednesday afternoon | Thursday afternoon |
Thursday | Friday | Friday afternoon | Monday afternoon |
Sunday | Monday | Monday afternoon | Tuesday afternoon |
Saturday | Monday | Monday afternoon | Monday afternoon |
Monday | Tuesday | Tuesday afternoon | Wednesday afternoon |
Friday | Monday | Monday afternoon | Monday afternoon |